Crypto Fear & Greed Index Hits Highest Since November 2021
The index, coupled with an overbought reading on the RSI indicator, suggests bitcoin’s bull run might take a breather.
Financial
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Sam Bankman-Fried’s Defunct Exchange FTX Receives Multiple Bids for Restart
Options also include a sale of the exchange, which boasted 9 million users before going bankrupt.
Financial
Sam Bankman-Fried’s Defense May Depend on Character and Fact Witnesses
The FTX founder will call six witnesses to kick off his defense, a filing said.
Financial
Bitcoin’s Surging Perpetual Funding Rates Make Arbitrage Trades Attractive
The funding fee arbitrage involves selling perpetual futures while simultaneously buying the cryptocurrency in the spot market. The strategy currently offers an annualized yield of over 10%.
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Bitcoin’s Rise Fuelled by U.S. Investors Buying Ahead of Potential Spot ETF Approval: Matrixport
While most cryptocurrency owners are based in Asia, the buying power of U.S. traders is much bigger, the report said.
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Bitcoin Spot ETFs Could See Inflows of $14.4B in First Year, Galaxy Says
An ETF could be a better investment vehicle for investors compared to currently offered products, such as trusts and futures, which hold over $21 billion in value, the fund said.
Financial
Trader Who Called Last Year’s Crypto Crash Covers Bearish Altcoin Bets
I am not buying yet, just closing loss-making short positions in AAVE, SOL, CRO and TRX, Capo said, having predicted last year’s market meltdown.
Financial
Cathie Wood’s ARK Sells Grayscale Bitcoin Trust Holdings, Coinbase for Second Day
Cathie Wood’s fund is continuing to sell crypto-related stocks as the market hits a high not seen since early 2022.
Financial
Coinbase Says SEC is Attempting to ‘Redefine Definition of an Investment Contract’
Coinbase argues in a new filing that the Securities and Exchange Commission is attempting to control all investment activity and define its own regulatory ambit.
Financial
BlackRock Bitcoin ETF Has, Since August, Appeared on DTCC Site That Belatedly Moved Markets This Week
The price of bitcoin surged on Monday after BlackRock’s proposed ETF showed up on the DTCC’s website and dropped when it vanished Tuesday.